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Monographien

Inflation Expectations and the Recovery from the Great Depression in Germany

A regime shift towards increased in inflation expectations is credited with jumpstarting the recovery from the Great Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation expectations

Berlin: HU Berlin, 2018, 45 S.
(Working Papers of the Priority Programme 1859 "Experience and Expectation: Historical Foundations of Economic Behaviour" ; 6)
| Volker Daniel, Lucas ter Steege
Externe referierte Aufsätze

Understanding the Great Recession

We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to financial frictions. We reach this conclusion by looking through the lens of an estimated New Keynesian model in which firms face ...

In: American Economic Journal: Macroeconomics 7 (2015), 1, S. 110-167 | Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt
Diskussionspapiere 1784 / 2019

What Determines the Elasticity of Substitution between Capital and Labor? A Literature Review

This paper provides the first comprehensive review of the empirical and theoretical literature on the determinants of the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) ..

2019| Michael Knoblach, Fabian Stöckl
Event

Austerity: When It Works and When It Doesn´t

A timely and incisive look at austerity measures that succeed—and those that don’t. Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that ...

11.04.2019| Francesco Giavazzi
Weitere Aufsätze

Energy Infrastructures for the Low-Carbon Transformation in Europe

In: Christian von Hirschhausen, Clemens Gerbaulet, Claudia Kemfert, Casimir Lorenz, Pao-Yu Oei (Eds.) , Energiewende "Made in Germany" : Low Carbon Electricity Sector Reform in the European Context
S. 283-317
| Franziska Holz, Jonas Egerer, Clemens Gerbaulet, Pao-Yu Oei, Roman Mendelevitch, Anne Neumann, Christian von Hirschhausen
DIW Weekly Report 6/7 / 2020

From Iran to Russia to Hong Kong: Geopolitical Risks Are Weighing on the German Economy

Over the past years, there has been an increase in global geopolitical risk, the most recent example being the intensifying conflict between the USA and Iran. Such geopolitical risks also affect the German economy. A geopolitical shock, defined as an

2020| Max Hanisch
Diskussionspapiere 1848 / 2020

Economic Effects of Transportation Infrastructure Quantity and Quality: A Study of German Counties

In this paper, we analyze the impact of transportation infrastructure quantity and quality on regional economic production. We exploit an extensive panel dataset on the German county level (N=401), expressing the capital value and condition of ...

2020| Dennis Gaus, Heike Link
Diskussionspapiere 1833 / 2019

Economics of Nuclear Power Plant Investment: Monte Carlo Simulations of Generation III/III+ Investment Projects

This paper analyzes nuclear power plant investments using Monte Carlo simulations of economic indicators such as net present value (NPV) and levelized cost of electricity (LCOE). In times of liberalized electricity markets, largescale decarbonization

2019| Ben Wealer, Simon Bauer, Leonard Göke, Christian von Hirschhausen, Claudia Kemfert
Research Project

Framework Contract for Workshops on Current Issues of Economic and Financial Policy

Conceptual and technical preparation and execution of workshops on current topics in close coordination with thematically responsible staff of the BMF (up to 6 workshops per year)

Current Project| Forecasting and Economic Policy, Macroeconomics
DIW Weekly Report 34 / 2019

At Opposite Poles: How the Success of the Green Party and AfD Reflects the Geographical and Social Cleavages in Germany

German voters in the 2019 European election showed remarkable regional differences in their voting behavior. The Green Party surged in West German districts, while the AfD further consolidated its successes in East Germany. Investigating structural .

2019| Christian Franz, Marcel Fratzscher, Alexander S. Kritikos
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